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Intel investing $302 million in China packaging plant, says news report
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Silicon Strategies


SHANGHAI -- Intel Corp today announced plans to invest $302 million to expand its chip assembly and testing plant in China, according to a news report from Reuters.

Intel, which has earmarked a record $7.5 billion in capital spending this year despite the severe industry downturn, is more than doubling its investment in the plant, located in Shanghai's free-trade Waigaoqiao zone. Reuters said Intel will increase the investment to $500 million from an initial $198 million in 1998.

According to the news service, the investment will be used to set up a new final assembly line and test operations for Intel's new 845 chip sets, which are used with Pentium 4 processors.

Last week, Intel formally introduced its long-awaited 845 chip set, which had been code named "Brookdale." The set is aimed at cost-cost synchronous DRAM for the Pentium 4 (see Sept. 10 story).






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